We are pleased to present for sale a 1978 Built (Non-LA City Rent Controlled) 5 Unit multifamily investment opportunity in a supply-constrained market of Atwater Village! Located in one of LAs hottest rental, locations, 4122 Sequoia Street offers investors an opportunity to add substantial value with106% upside potential.
The property boasts a strong unit mix of (4) 2 Bedroom & 2 Bath Units and (1) 1 2 Bedroom and 1 Bath Unit.
The property has a total square footage of 4,445 SF, is situated on an expansive lot size of 7,000 SF, and zoned R1-1-RIO, with (9) parking spaces available for tenants.
The property provides the opportunity to construct an ADU at the rear of the lot Buyer to Verify.
Soft-Story Retrofit construction IS REQUIRED to be completed.
Located within blocks to famous Los Feliz Blvd and Glendale Blvd, the property is situated in close proximity to Atwaters retail corridors, which provides countless eateries, trendy bars, retail, and coffee shops.
Additionally, the property is adjacent to Glendale, the Jewel City, and is within minutes to The Americana at Brand, which offers world-class retail, dining, and entrainment.
This rare opportunity is poised for an astute investor looking to capture strong market returns on a supply-constrained product in a booming area where prices and rents continue to appreciate Year-over-Year.
Disclosure: Buyer to conduct any/all due diligence including but not limited to the building square footage, lot size, unit mix, year built, zoning, market rents, soft-story retrofit requirements, and the ability to construct an ADU.
DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY.
Bedrooms : 9
Bathrooms : 9
Built Area : 4445
Plot Size : 4445
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